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Stamp duty for first home buyers should be axed: Senate committee

Staff Reporter 1 minute read

A Senate Select Committee chaired by Liberal senator Marise Payne has recommended that stamp duty exemptions be offered to all first homebuyers and retirees looking to down size.

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The recommendation was in response to Australia’s record housing affordability low.

Alongside changes to stamp duty the committee also suggested that first homeowners that chose to buy a new property receive a larger grant than the $7,000 currently offered to ease housing supply pressures.

Published: 17-06-08

Stamp duty for first home buyers should be axed: Senate committee
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